Only $2.2 billion of industrial assets changed hands through May, with distressed property sales depressing values.

The area surpassed Los Angeles to take top ranking in Marcus & Millichap's midyear National Industrial Index.

Durable goods orders suffered largest decline since January, while truck tonnage experienced the steepest drop since recession started.

Rise in availabilities is largest on record, but moderated level of new construction may prevent further dramatic sllippage.

Both the Federal Reserve and Institute for Supply Management say June figures show significant improvement over previous months.

Torto Wheaton report finds life-science exports up 57% for first four months of year. Biotech-related employment grew in 21 of 62 industrial markets tracked.

Length drops from 50 months at the end of last year to 43.4 months in June. Tenants resist saddling themselves with commitment they may be unable to fulfill.

Year-over-year decline for May was four points lower than April. June reports from some individual airlines indicate rate of decline continues to fall.